Russell Investments Group Ltd. Sells 18,576 Shares of Allison Transmission Holdings, Inc. $ALSN

Key Points

• Russell Investments Group Ltd. has reduced its stake in Allison Transmission Holdings by 22.7%, selling 18,576 shares in the first quarter, leaving it with 63,354 shares valued at approximately $6.06 million.
• Several other institutional investors have increased their holdings in Allison Transmission, notably Prudential PLC, which boosted its stake by 112.8% and now owns 44,485 shares worth $4.26 million.
• Allison Transmission reported $2.29 earnings per share in its latest quarter, exceeding analyst expectations, with a net margin of 23.81% and revenue of $814 million.

Russell Investments Group Ltd. cut its position in Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) by 22.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,354 shares of the auto parts company's stock after selling 18,576 shares during the period. Russell Investments Group Ltd. owned 0.08% of Allison Transmission worth $6,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in Allison Transmission in the fourth quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission in the fourth quarter valued at about $31,000. SRH Advisors LLC boosted its position in Allison Transmission by 95.0% in the first quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock valued at $45,000 after buying an additional 228 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock valued at $48,000 after buying an additional 392 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in Allison Transmission in the fourth quarter valued at about $65,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Trading Up 0.1%

NYSE ALSN traded up $0.06 during trading hours on Tuesday, hitting $88.42. The company's stock had a trading volume of 996,355 shares, compared to its average volume of 1,017,907. The stock has a fifty day moving average of $90.47 and a 200 day moving average of $95.35. Allison Transmission Holdings, Inc. has a twelve month low of $80.39 and a twelve month high of $122.53. The firm has a market capitalization of $7.39 billion, a P/E ratio of 10.05 and a beta of 0.97. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same period in the prior year, the business posted $2.13 earnings per share. Allison Transmission's revenue was down .2% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Equities research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Morgan Stanley upped their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Bank of America upped their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Citigroup reduced their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Finally, Zacks Research lowered shares of Allison Transmission from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of "Reduce" and an average price target of $98.38.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.